A British study of the role that entrepreneurial firms fulfill in society lists six economic and sociological contribution made by these firms.
. They are competition to larger firms that would otherwise dominate an industry.
. They are the major sources for new jobs.
. They provide a harmonious environment where the owner and workers strive together, shoulder to shoulder, for mutual benefit.
. They can alleviate some of the core city social problems, a direct result of the local employment they provide.
. They are creators of innovation where innovation is essential for survival.
. They are the seed acorns from which large corporations grow.